INOGEN INC (INGN) Stock Technical Analysis
NASDAQ:INGN - Nasdaq - US45780L1044 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to INGN. In the past year, INGN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, INGN is a bad performer in the overall market: 85% of all stocks are doing better.
INGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month INGN has a been trading in the 5.85 - 7.38 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
INGN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 44% of 187 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of INGN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.02
10.44
2 important support areas can be observed.
- Support @6.23 from a trend line in the weekly time frame.
- Support @6.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @7.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.50 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.34 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for INGN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INGN is neutral. |
| ChartMill Relative Strength | 15.81 | NEGATIVE | INGN has a low relative strength, it was outperformed by 84.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.6 | NEUTRAL | The RSI value for INGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INGN has a positive trend. |
| Stochastics (14,3) | 45.98 | NEUTRAL | The Stochastics value for INGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for INGN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.2 | NEGATIVE | The low ADX value for INGN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.04
+0.56 (+8.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg8.64%
1 Week7.65%
2 Weeks3.68%
1 Month4.92%
3 Month15.6%
6 Month-33.83%
12 Month-45.21%
2 Year13.37%
3 Year-75.41%
5 Year-76.71%
10 Year-85.72%
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%5.02%
ATR Inc225.83%
Range Today0.95
ADR(20)0.35
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.81
Mansfield-2.44
10 Day High7.38
10 Day Low5.85
20 Day High7.38
20 Day Low5.85
52 Week High13.33
52 Week Low5.7
CS1 End6.23
CR1 Start7.32
Volume & EV
DER(3)-5.56%
DER(5)-1.15%
Volume427.54K
Volume Incr111.65%
Vol(5)411.51K
Vol(50)217.39K